Powers Library

Analysis

Powers Library is a registered charity in United States, based in Moravia, NY. It received its IRS tax-exemption ruling in April 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Powers Library reported income of $120k and spending of $146k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $103k to $120k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 119% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Powers Library sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Memorial Es Parental Teacher Prganization ($120k), Sakamoto Parent Teacher Org Inc ($120k) and Marin Builders Association Scholarship Fund ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 0.5% of the total. Other salaries and wages came to $65k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 4 employees.